Business & Finance Newark, NJ
Pop. 311,549
Financial Advisor Salary in Newark, New Jersey
The median financial advisor salary in Newark, NJ is $114,468 per year, which is 20.0% above the national median and 2.4% below the New Jersey state average.
City Median
$114,468
vs State Avg
$-2,862
vs National
+$19,078
Cost of Living
112%
Financial Advisor Salary in Newark by Experience
In Newark, an entry-level financial advisor earns around $57,600, while experienced professionals earn up to $216,000 per year. The local cost of living index is 112% of the national average.
Entry Level (0-2 yrs)
$57,600
+$9,600 vs national
Mid Level (3-7 yrs)
$114,000
+$19,000 vs national
Senior Level (8+ yrs)
$216,000
+$36,000 vs national
Salary Percentiles in Newark, NJ
| Percentile | Newark |
|---|---|
| 10th Percentile | $53,280 |
| 25th Percentile | $74,880 |
| Median (50th) | $114,468 |
| 75th Percentile | $178,800 |
| 90th Percentile | $286,800 |
Financial Advisor Salary in Other New Jersey Cities
How to Become a Financial Advisor in Newark
Education
Most financial advisor positions require a bachelor's degree. Newark and the surrounding New Jersey area have institutions offering relevant programs.
Key Skills
Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP
Job Outlook
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Newark may vary based on local industry and population growth.